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The Effects of Foreign Trade, Energy Consumption and Human Capital on GDP in Several Candidate Developed Countries and Developing Countries

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Listed:
  • Vida Varahrami

    (Factuality of Economics, Shahid BeheshtiUniversity, Tehran, Iran.)

  • Maryam Sarfaraz

    (Tabriz Branch, Islamic Azad University, Tabriz, Iran.)

Abstract

This paper attempted to examine the effects of foreign trade, energy consumption, human capital and physical capital on GDPin 8 candidate developing countries and 8 candidate developed countries during 2002-2014.In this study, the effects of variables were estimated through panel cointegration technique and dynamic ordinary least squares (DOLS).The results of regression test indicated that all variables had significantly positive effects on the production process. Furtherdetails about the results were obtained by evaluating foreign trade in general (exports and imports combined), in addition to separately evaluating export and import, where there were significantly positive correlations evident over the period.Inthe candidate developed countries, the role of exports was more prominent than imports and total trade. In the candidate developing countries, the role of imports was more prominent than exports and total trade.

Suggested Citation

  • Vida Varahrami & Maryam Sarfaraz, 2017. "The Effects of Foreign Trade, Energy Consumption and Human Capital on GDP in Several Candidate Developed Countries and Developing Countries," Iranian Economic Review (IER), Faculty of Economics,University of Tehran.Tehran,Iran, vol. 21(3), pages 543-566, Summer.
    • Handle: RePEc:eut:journl:v:21:y:2017:i:3:p:543
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    References listed on IDEAS

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